Question

a game is played with a fishpond containing 100 fish; 90 white, 9 red, and 1 blue. a contestant randomly catches a fish and receives payments as follows: $0.30 for white, $1.00 for red, and $10.00 for blue. If it cists $0.60 to play this game, how much (on average) does a contestant win on each play

Answer 1

loses 14 cents

- $0.14

Explanation:

90% $0.30 $(0.30) $(0.27)

9% $1.00 $0.40 $0.04

1% $10.00 $9.40 $0.09

$(0.14)